Alex Kimani

Latest articles from Alex

• Secretive Indian Company Linked To Russian Oil Disappears Amid Scrutiny

  Published 10 July 2023 | viewed 30,732 times

  A secretive Indian company that rose to infamy for its role in shipping Russian oil has disappeared suddenly and mysteriously, Bloomberg has reported. Mumbai-based Gatik Ship…

• UAE Will Not Make Voluntary Oil Production Cuts

  Published 10 July 2023 | viewed 9,564 times

  The United Arab Emirates has announced that it will not join Saudi Arabia in making voluntary oil production cuts, claiming that the cuts by the Saudis are…

• Norway Makes Biggest Hydrocarbon Discovery In 10 Years

  Published 10 July 2023 | viewed 10,991 times

  Norwegian oil and gas operator, DNO ASA, has made a  significant gas and condensate discovery on the Carmen prospect in the Norwegian North Sea. Preliminary evaluation of…

• China's LNG Imports Soar Despite Global Price Dip

  Published 08 July 2023 | viewed 6,050 times

  China's imports of liquefied natural gas (LNG) hit 5-month highs in June, but weak demand, especially in Europe, kept a lid on prices. Last month, China imported…

• U.S. Shale Production Costs Are Finally Falling

  Published 06 July 2023 | viewed 9,665 times

  After years of rising production costs amid post-pandemic inflation, the U.S. Shale Patch can finally breathe a sigh of relief after the cost trajectory hit a…

• EU Could Use Newly Launched Gas Cartel To Purchase Hydrogen

  Published 06 July 2023 | viewed 2,468 times

  The European Union could use its newly launched gas cartel to purchase vast quantities of hydrogen and other critical materials, Bloomberg has reported. The bloc…

• Saudi Arabia Hikes Oil Prices To Asia

  Published 06 July 2023 | viewed 8,399 times

  Days after Saudi Arabia extended its voluntary production cuts, OPEC's largest producer has hiked some oil prices to Asia, Bloomberg has reported. According to the…

• Saudi Arabia’s Oil Production Cuts Isn’t Enough To Shake Bearish Sentiment

  Published 05 July 2023 | viewed 1,467 times

  Leading OPEC producer, Saudi Arabia, has extended its voluntary 1M bbl/day oil production cut for another month, till August. The reduction will take the country's…

• TotalEnergies CEO: Oil Companies Should Set Carbon Targets At Upcoming COP28 

  Published 05 July 2023 | viewed 1,323 times

  The world's leading oil and gas companies should set targets to cut C02 and greenhouse gas emissions by 2030 at the upcoming COP28 climate conference,…

• UAE To Invest $45 Billion Through 2030 To Meet Its Growing Energy Demand

  Published 05 July 2023 | viewed 2,506 times

  The United Arab Emirates has announced plans to invest up to $54 billion over the next seven years to meet its growing energy demands and…

• Saudi Arabia's Solo Act Won’t Save The Oil Bulls

  Published 04 July 2023 | viewed 23,265 times

  For the second month running, the leading OPEC producer, Saudi Arabia, has extended its voluntary 1M bbl/day oil production cut for another month, this time…

• Saudi Arabia And Iran To Jointly Exploit Oil & Gas Fields

  Published 03 July 2023 | viewed 3,527 times

  Back in March, Saudi and Iran announced they had agreed to restore diplomatic ties in a deal brokered by China, ending a seven-year rift. The…

• China Stockpiling Cobalt Reserves Amid Price Crash

  Published 03 July 2023 | viewed 6,418 times

  China is taking advantage of the cobalt price crash to boost its reserves, Bloomberg has reported. China’s National Food and Strategic Reserves Administration plans to…

• Why The U.S. Has Become The Blackout Capital Of The Developed World

  Published 02 July 2023 | viewed 59,687 times

  Rolling blackouts, freezing homes and skyrocketing electricity prices. A few decades ago, power outages in vast swathes of the United States were relatively rare and…

• The EV Sector Has A Serious Overproduction Problem

  Published 29 June 2023 | viewed 8,792 times

  Over the past few years, the electric vehicle sector has been growing like a weed, frequently exceeding growth estimates. For instance, just two years ago,…

• How Russia’s Failed Coup Could Impact Global Commodities Markets

  Published 29 June 2023 | viewed 5,151 times

  The weekend insurrection by Russia’s Wagner mercenary group and subsequent ‘failed coup’ has become a hot talking point and brought the 16-month long war in…

• India’s Bharat Petroleum To Raise $2.2 Billion For Green Energy Expansion

  Published 29 June 2023 | viewed 1,059 times

  India’s State-owned oil company Bharat Petroleum has approved raising up to 180 billion rupees ($2.19 billion) through an issue of equity shares as part of the government’s…

• Andurand’s Oil Hedge Fund Crashes After Oil Price Bet Goes Awry

  Published 28 June 2023 | viewed 10,193 times

  After a wildly successful period amid soaring oil prices, legendary oil trader Pierre Andurand has seen his hedge fund suffer the worst ever loss after…

• EIA: Energy Trade Between U.S. And Mexico Hits Record Levels

  Published 28 June 2023 | viewed 2,877 times

  The U.S. Energy Information Administration (EIA) has reported that energy trade in 2022 between the United States and Mexico totaled $81.9 billion in real prices,…

• Foreign Intel: Iran Close To Testing First Nuke

  Published 27 June 2023 | viewed 27,842 times

  Two weeks ago, oil prices tanked after reports emerged that the U.S. and Iran are making progress after resuming talks on a nuclear deal, a…